Crop Protection: Latin America Market Scenario, Trends, Opportunity, Growth and Forecast, 2020-2030

Market Definition

Farmers are being asked to follow approved practises while using crop protection chemicals (pesticides) due to the rising need for food safety in both developed and developing countries. Over the past ten years, consumer awareness of the persistent impacts of pesticides on food products has increased. Finding alternatives and putting best practises into practise have taken precedence, which has improved efficiency in boosting agricultural income while supplying greater yield and quality products.

Market Insights

Argentina and Brazil are expected to experience the highest growth in the agrochemical market in Latin America over the forecast period of 2023 to 2030. Large-scale farming operations and the use of mechanized agriculture in Brazil are increasing the potential for growth in the agrochemical market. Soybeans contributes substantially to the growth of the agrochemical market in Brazil and Argentina.

The use of synthetic insecticides and synthetic herbicides is still a growing industry in Latin America. Brazil, Mexico, Argentina and Peru are the major biopesticide consumers in Latin America. Combined, they accounted for over 60% of the biopesticide consumption in this region in 2022. Argentina and Uruguay have devoted most of their organic lands to animal grazing. Coffee, cocoa, fruit and cereal production accounted for over half of biopesticide use in this region

Brazil is the largest biopesticide-consuming country in Latin America. It accounted for nearly one-third of the biopesticides used in the region in 2022. By crop type, coffee is the largest segment for biopesticide consumption in Brazil. Coffee cultivation boosts the demand for biopesticides, including bacterial and fungal biopesticides such as Trichoderma, Timorex Gold, V. lecenii and Bt.

Market Dynamics: Drivers

Population Growth and Rising Food Demand

The demand for food is rising due to the growing population, which is the main growth factor for the agrochemical business. To accommodate this demand, agrochemicals are employed to boost crop yields. Additionally, using crop protection products results in severe crop losses. Therefore, agrochemicals are essential to the production of crops.

Degradation of Soil

Grasslands and woods have been converted into pastures and farm fields as a result of the rise in demand for agriculturally oriented goods. Many common crops can increase soil erosion beyond the capacity of the soil to maintain itself as a result of the conversion of natural vegetation to agriculture. The alteration of the humus’s composition and quantity degrades the soil’s quality and has an impact on how the soil is formed.

The quality, structure, and salinity of the soil are all impacted by soil erosion, which also contributes to the soil’s declining fertility. As a result, agrochemicals like fertilisers and pesticides are employed to improve the performance and quality of the soil.

Market Dynamics: Challenges

Negative Impact on Environment

Agrochemicals play a significant role in agriculture, but their hazard to humans and animals when used in concentrated form or at levels above what is advised is the main market limitation. Agrochemicals are hazardous to humans, animals, aquatic life, and birds. They also have an adverse effect on the environment and ecology. As a result, they are applied widely to boost crop output. If agrochemicals are applied repeatedly to the soil or crops, harmful side effects might linger for a very long time. Therefore, one of the main factors limiting the global agrochemical business is pesticide resistance to agrochemicals. The consumption of food containing pesticide residue is also hurting this market’s expansion. Pollution levels rise as a result of the amount of agrochemicals released into the atmosphere and groundwater. As a result, there are numerous significant obstacles that the market’s players must overcome. The main impediments include farmers’ lack of education and awareness as well as the absence of an effective distribution system.

Market Segmentation

• Based on Product Type, the Latin America Crop Protection market is segmented into
  • Synthetic Pesticides
    • Herbicides
      • Phenoxy Hormone products
      • Triazines
      • Amides
      • Carbamates
      • Dinitroanilines
      • Urea Derivates
      • Sulfonyl Urea
      • Bipiridils
      • Uracil
      • Others
    • Insecticides
      • Botanical products and biologicals
      • Carbamates
      • Chlorinated Hydrocarbons
      • Organophosphates
      • Pyrethroids
      • Others
    • Fungicides
    • Benzimidazoles
    • Diazines, morpholines
    • Dithiocarbamates
    • Inorganics
    • Triazoles, diazoles
    • Others
  • Biopesticides
    • Bio-Herbicides
    • Bio-Insecticides
    • Bio-Fungicides
  • Based on Application, the Latin America Crop Protection market is segmented into
    • Soybean
    • Corn
    • Wheat
    • Maize
    • Sugarcane
    • Beans
    • Rice
    • Others
  • Based on Source, the Latin America Biopesticides market is segmented into
    • Microbial
      • Bacterial
      • Fungal
      • Viral
    • Biochemical
    • Plant-Incorporated Protectants (PIPs)
  • Based on Formulation, the Latin America Biopesticides market is segmented into
    • Liquid-based Formulation
    • Water-dispersible granules
    • Wettable powder
    • Pellets
  • Based on Country, the Latin America Crop Protection market is segmented into
    • Brazil
    • Argentina
    • Colombia
    • Mexico
    • Ecuador
    • Paraguay
    • Bolivia
    • Uruguay
    • Guatemala
    • Peru
    • Costa Rica
    • Chile
    • Nicaragua
  • All market revenue has been given in US Dollar, while the market volumes are given in tons.

Historical Year: 2020-2021
Base Year: 2022
Estimated: 2023
Forecast- 2024-2030

 Key Questions this Study will Answer

• What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Market Size-By Volume, Forecast Numbers, Market Segmentation, Market Shares) of Latin America Crop Protection Market?
• What is the region wise industry size, growth drivers and challenges key market trends?
• What are the key innovations, opportunities, current and future trends and regulations in the Latin America Crop Protection Market?
• Who are the key competitors, what are their key strength and weakness and how they perform in Latin America Crop Protection Market based on competitive benchmarking matrix?
• What are the key results derived from the market surveys conducted during Latin America Crop Protection Market study?